A sport store pays its wholesaler $40 for a baseball bat, and then sells it to a customer for $76. What is the markup rate?​

Question

A sport store pays its wholesaler $40 for a baseball bat, and then sells it to a customer for $76. What is the markup rate?​

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Khoii Minh 2 months 2021-07-23T00:58:33+00:00 1 Answers 4 views 0

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    0
    2021-07-23T01:00:00+00:00

    Answer:

    Markup 90%

    Step-by-step explanation:

    If $40 is  100% of the price

      then

    $76 is  ……….x

    Cross multiplication

    40(x)  =  76(100)

    40x  = 7600

    Divide by 100

    x = 190

    190%  = 100% + 90%

    That  means that the price  is the whole price(100%) plus 90%

    so the markup is 90%

      ANOTHER WAY:

    The difference in prices is $76-$40=$36. So, we need to find what percentage of 40 is 36.

    We do this by dividing: 36/40=0.9, which is 90%. So, the markup is 90%.

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